Stumbled across this in the app store my first thoughts being "apple approved this?!" it let's you copy file types such as divx in iTunes and play back whenever. The playback is far from smooth lol and HD is quite unwatchable but I'm hoping it improves with time. For the time being I'm watching h264 720p files using yxplayer and they play great, I know ur thinking that the iPad supports this anyway but it doesn't support 326kbps aac... I ramble on, what I mean to say is this is an alternative to converting videos or streaming and in a few updates I'm sure playback of certain file typed will improve! This does not require a jailbreak btw.